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Intestinal Pseudo Obstruction Treatment Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033
Intestinal Pseudo Obstruction Treatment Market Insights
According to The Business Research Company's, the intestinal pseudo obstruction treatment market size has grown strongly in recent years. It will grow from $23.63 billion in 2023 to $24.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to rise in chronic respiratory diseases, patient preference and compliance, convenience in self-administration, pediatric applications, market expansion in allergic rhinitis treatment, wider range of indications..
The intestinal pseudo obstruction treatment market size is expected to see strong growth in the next few years. It will grow to $30.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing geriatric population, rising global respiratory issues, expanding applications in neurological disorders, personalized medicine trends, preventive healthcare initiatives, market penetration in emerging economies.. Major trends in the forecast period include advances in formulation technologies, focus on pediatric and geriatric applications, rise in self-administration devices, nasal powder inhalers, incorporation of biologics and peptides..
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Market Drivers and Trends:
The increasing prevalence of gastrointestinal diseases is expected to propel the growth of the intestinal pseudo-obstruction treatment market going forward. Gastrointestinal diseases, or digestive disorders, refer to a wide range of conditions that impact the GI tract, which is the passageway from the mouth to the anus. Gastrointestinal diseases lead to various complications, including intestinal pseudo-obstruction, which necessitates developing and providing effective treatments to address symptoms. For instance, in January 2023, according to the American Cancer Society (ACS), a US-based health organization dedicated to eliminating cancer, gastrointestinal cancers increased by 3.18% to 348,840 compared to 338,090 in 2021 in the United States. Therefore, the increasing prevalence of gastrointestinal diseases will drive the growth of the intestinal pseudo-obstruction treatment market.
Major companies operating in the intestinal pseudo-obstruction treatment market are developing novel drug therapies, such as NHE3 inhibitor treatment therapy, to provide reliable services to customers. NHE3 inhibitor treatment therapy is a medication that works by inhibiting the Sodium-Proton-Exchanger subtype 3 (NHE3) in the gut. For instance, in April 2022, Ardelyx Inc., a US-based biopharmaceutical company, introduced IBSRELA, an NHE3 inhibitor treatment for irritable bowel syndrome with constipation (IBS-C) in adults, potentially improving gastrointestinal motility. IBSRELA treatment therapy works by inhibiting or blocking the activity of the Sodium-Hydrogen Exchanger 3 (NHE3) protein. This inhibition enhances sodium and water absorption in the intestines and intestinal tract, improving gastrointestinal motility and alleviating symptoms associated with intestinal pseudo-obstruction.
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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson, Merck & Co Inc., AbbVie Inc., Novartis AG, Sanofi S.A., GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Biogen Inc., Olympus Corporation, Steris Plc, Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Cipla Inc., Carestream Health, Ironwood Pharmaceuticals Inc, Fujifilm Healthcare Solutions, Basilea Pharmaceutica Ltd., Melinta Therapeutics LLC, VectivBio AG, Tetraphase Pharmaceuticals, Callisto Pharmaceuticals Inc.
Intestinal Pseudo Obstruction Treatment Market 2024 Key Insights:
• The intestinal pseudo obstruction treatment market is expected to grow to $30.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• Impact Of Rising Gastrointestinal Disease Prevalence On The Intestinal Pseudo-Obstruction Treatment Market
• Innovative NHE3 Inhibitor Treatment Therapy In The Intestinal Pseudo-Obstruction Market
• North America was the largest region in the intestinal pseudo obstruction treatment market in 2023
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